A financial analyst claims that I dont bother to develop detailed forecasts of sales growth or profit

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A financial analyst claims that “I don’t bother to develop detailed forecasts of sales growth or profit margins to make earnings projections. I can be almost as accurate, at virtually no cost, using the random walk model to forecast earnings.”

What is the random walk model?

Do you agree or disagree with this forecast strategy? Explain.

Related Book For answer-question

Elementary Statistics Picturing the World

ISBN: 978-0134683416

7th edition

Authors: Ron Larson, Betsy Farber

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Posted Date: Jun 16, 2020 10:18 PM

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A financial analyst claims that I dont bother to develop detailed forecasts of sales growth or profit

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Elementary Statistics Picturing the World

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